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Use this yield profile to create a rate adjustment by Occupancy ONLY.

This means that a rate adjustment will be triggered by ONLY an Occupancy event.

For example, raise rates by 10% if occupancy is above 80% and lower rates by 10% if occupancy is below 50%. These yielded tiers can also be set to flat dollar amounts. For example, raise rates by $15 if occupancy is above 80% and lower rates by $10 if occupancy is below 50%.

Occupancy setting: Set occupancy "below" AND "above" a percentage occupancy amount to trigger the rate change. I.e. Below 50%

In this section

 

To add an Occupancy Yield Profile

  • Go to SETUP | YIELD MANAGEMENT
  • Click Add at the bottom right.
  • A new Yield Profile will open.

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  • Enter a Description
  • Type: Choose  "Occupancy Only" from the drop down list.
  • Occupancy "Below" or "Above" from the drop down list.
  • Threshhold: Enter the Occupancy percentage amount to "above" or "below" to trigger the rate change. I.e. Below 50%
  • Adjustment: Enter the Flat dollar amount or the percentage amount of the rate to discount or increase, triggered by EITHER one of these events. I.e. Enter discount as -15 and an increase as 15.

In this scenario, we want to adjust the rate by -10% if Occupancy is below 70%.

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Add Rates to Yield Profile

Then, add the Rates that you want to apply the YIeld Profile.  A Rate can have multiple Yield Profiles applied 

  • Click Add Rate to add one specific Rate. Or, click Add All Rates to add all of your rates to the Yield Profile.

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  • If you click Add Rate, then a screen will open with a field to select the Rate. Click on the magnifying glass icon to expand the drop down list of your rates.
  • Select the Rate and click Save.

 

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You will then see the Rate in the list of the Yield Profile.

  • To remove the rate for the Yield Profile, click Delete next to the Rate.
  • To add another rate to the Yield Profile, select Add Rate

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